U.S.: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in the U.S.

In 2021, the U.S. orange juice (single strength) market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a prominent increase. Orange juice (single strength) consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Orange Juice (Single Strength) in the U.S.

In value terms, orange juice (single strength) production fell slightly to $X in 2021. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 9.1%. As a result, production attained the peak level of $X, and then declined in the following year.

Exports of Orange Juice (Single Strength)

Exports from the U.S.

In 2021, overseas shipments of orange juice (single strength) decreased by -53% to X tons, falling for the third consecutive year after two years of growth. In general, exports showed a dramatic decline. The growth pace was the most rapid in 2018 with an increase of 13% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, orange juice (single strength) exports fell notably to $X in 2021. Over the period under review, exports recorded a noticeable downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 10% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for orange juice (single strength) exports from the United States, with a 84% share of total exports. Moreover, orange juice (single strength) exports to Canada exceeded the volume sent to the second major destination, the Dominican Republic (X tons), more than tenfold. The third position in this ranking was held by Saudi Arabia (X tons), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled -25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+23.4% per year) and Saudi Arabia (-13.2% per year).

In value terms, Canada ($X) remains the key foreign market for orange juice (single strength) exports from the United States, comprising 86% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 2% share of total exports. It was followed by Saudi Arabia, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+42.6% per year) and Saudi Arabia (+7.0% per year).

Export Prices by Country

In 2021, the average orange juice (single strength) export price amounted to $X per ton, picking up by 79% against the previous year. Overall, the export price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 335% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Panama ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+29.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Orange Juice (Single Strength)

Imports into the U.S.

In 2021, after two years of decline, there was significant growth in supplies from abroad of orange juice (single strength), when their volume increased by 114% to X tons. In general, imports saw buoyant growth. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, orange juice (single strength) imports surged to $X in 2021. Over the period under review, imports posted a prominent expansion. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of orange juice (single strength) to the United States, accounting for a 71% share of total imports. Moreover, orange juice (single strength) imports from Brazil exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil amounted to +12.3%.

In value terms, the largest orange juice (single strength) suppliers to the United States were Brazil ($X) and Mexico ($X).

Among the main suppliers, Mexico, with a CAGR of +24.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average orange juice (single strength) import price stood at $X per ton in 2021, declining by -20.3% against the previous year. Overall, the import price continues to indicate a abrupt descent. The growth pace was the most rapid in 2020 when the average import price increased by 21%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per ton), while the price for Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-2.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :